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    OFF-MARKET
    Amusement parks

    51 Main St, Addyston, OH 45001-2520

    852 SF 4.33 ac lot Built 1995
    Entity Owned 1-yr Hold Free & Clear
    Property ID
    US66-2474442
    Property summary
    AI-generated overview

    This exceptional Addyston, Ohio business opportunity, located just outside Delhi, is offered at $900,000 with a 15.70% cap rate and a strong NOI of $172,607. The property includes four buildings on a 22-acre lot with 40 parking spaces and permitted business zoning. The turnkey operation includes all real estate, furniture, fixtures, and equipment, currently generating gross income of $195,204. Expenses include annual taxes ($5,303), insurance ($2,600), gas/electric ($2,700), water/sewer ($840), and maintenance ($7,250). The property features a pro shop with office, storage, and a large detached garage (30x40). Two long-term residential rentals are included, currently generating $1,300 monthly rent. The business includes 20 bays (12 covered), ball dispensing and picking machines, a ball washer, and extensive inventory (clubs, balls, etc., valued at approximately $110,000). Seller financing options are available. The property offers significant expansion potential, including adding a pickleball court or putt-putt course. The current tenant pays taxes, water, sewer, insurance, and exterior maintenance. This is a stabilized, multi-tenant business opportunity with a high return on investment. The property is easily accessible and has excellent road frontage. Please note that the property is currently operating as a golf ball business.

    Property profile
    Verified
    Property type Amusement parks
    Use group GO-CARTS, MINIATURE GOLF, WATER SLIDES
    Year built 1995
    Total area 852 SF
    Lot 4.33 ac (188,615 SF)
    APN 571-0008-0011-00
    UPID US66-2474442
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Addyston Driving Range Golf Instructor Service Establishment
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    51 East Main Street LLC · 1 yrs held
    51 East Main Street LLC
    since 2024
    Last sale
    $300,000
    5 recorded transactions
    2024
    $300,000
    2017
    $150,000
    2016
    2002
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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